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    1130 Royvonne Ave SE Salem, OR 97302

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    For Lease
    $21 SF/Yr ($1,172 /Mo)

    Stand-alone drive-through building with patio seating in a retail area.

    Property size:
    670 SF
    Lot size:
    670 SF

    Property Features for 1130 Royvonne Ave SE

    General Information

    Size
    670 SF

    Building Details

    Year built
    2007

    Source: Eric Larpenteur Agent Eric Larpenteur

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Through Building in South Salem

    This 670-square-foot drive-through building is located in the Highland Gardens Retail Center along Commercial Street SE, adjacent to dense residential multifamily dwellings. The location is suitable for a variety of businesses, including coffee or bubble tea. The building features exterior patio seating. The stand-alone building offers easy access through a spacious parking lot, soaring windows, and glass exterior walls. It is situated along a major arterial in South Salem's dense retail area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Privet European Food ... Grocery Store Super 7 Market Grocery Store Bangkok Thai Bistro Thai Restaurant Royal Thai Kitchen Thai Restaurant Русский магазин Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0317243
    Latitude
    44.8856481

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    FAQs

    What type of property is this?
    Drive through restaurant - Stand-alone drive-through building with patio seating in a retail area.
    Where is this drive through restaurant located?
    The property is located at 1130 Royvonne Ave SE Salem, OR.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - High-demand drive-through building.; - Prime location on busy Commercial St SE.; - Adjacent to dense residential multifamily.
    (503) 803-9377
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    1130 Royvonne Ave SE Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1130 Royvonne Ave SE Salem, OR 97302
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